Delays with development assessments and the associated blow out in holding costs is hurting the new housing sector.

Dwelling approval figures released today for the month of January show further falls in the approval of new houses, down by 2.2 per cent over the month. For flats units and townhouses, approvals rose 2.2 per cent but this wasn’t enough to stop the overall fall in total approvals, down 0.9 per cent for the month.
Read more : Red Tape Strangles Housing Supply